Stockchase-logo
Loading...
    Track Stocks Watchlist
    Top Picks Today
    =iconClose Home All Opinions Top Picks Stocks Experts Top Experts Panic-proof Top 100 Stocks Monthly gems News
    Watchlist Track Stocks
    Top Picks Today
    Home » Daily

    TSX catches up, U.S. waits for stimulus

    Allan Tong Posted On August 4, 2020
    0
    0
    Shares
    • Share On Facebook
    • Tweet It


    This week, you missed Past Top Picks comments by David Burrows including Hess Corp. (A Top Pick Sep 20/18, Down 15%) Get Premium to receive all past top picks opinions a few hours before market open.
    Get Premium

    On Tuesday, the TSX played catch-up to Wall Street’s Monday rally, rising 1.23%. One driver was Canada’s PMI continuing to rise from June to July as the country was reopening. Though the TSX industrials shed 0.77%, energy rallied 3.25%. Arc Resources jumped 7% and Enerplus leapt 9%, among the day’s biggest gainers. Shopify continued its climb, closing 4.8% as Lightspeed POS soared nearly 10% ahead of earnings on August 6. The Canadian dollar rose 0.52% and gold marched another 2.3%.

    Americans and Wall Street continue to wait for Washington to complete its next stimulus package as earnings continued to roll in. The S&P climbed 0.36%, the Nasdaq 0.35% and the Dow 0.62%.

    Mosaic soared 13.69% after beating earnings and EBITDA, but Ralph Lauren declined 4.39%. After the closing bell, Disney reported a revenue miss, but announced that Disney+ subscribers can see the much-anticipated blockbuster, Mulan, for a fee next month. Disney rose 0.81% during the day and another 4% after hours. In contrast, Activision Blizzard reported a massive earnings beat and rose over 1.5%. Microsoft slipped 1.5% after Trump declared a deadline of September 15 for TikTok’s American (and Canadian, Australian and New Zealand) operations to be sold to the tech giant.

    🛢 Arc Resources Ltd +7%
    🛢 Enerplus Corp +9%
    🛍 Shopify Inc. +4.80%
    💾 Lightspeed POS +10%
    🌿 Mosaic Company (The) +13.69%
    👔 Polo Ralph Lauren Corp. -4.39%
    👸 Walt Disney +0.81%
    🎮 Activision Blizzard +1.5%
    Ⓜ Microsoft -1.5%

    0
    Shares
    • Share On Facebook
    • Tweet It




    Trending Now
    This Week's Stock Picks & BNN Top Picks Summary: OSPN-Q, VET-T and 20 Stock and 4 ETF Top Picks (Jul 18-24)
    Melisa R. H. July 25, 2025
    Weekly 52-Week Low (or 52-Week High): AEM-T, OLA-T, FOM-X, QTRH-T and More 52-Week Highs and Lows (Jul 16-22)
    Melisa R. H. July 23, 2025
    Oil, Mickey and Washington lift markets
    Read Next

    Oil, Mickey and Washington lift markets

    • logo

      We’re fintech passionates that reinvest almost all our revenues into the development of Stockchase and Wealthica. We hope you enjoy Stockchase and join Premium!

    • Top Reviews

      • Questrade Review: Pros & Cons of Trading with Questrade Canada (2023)
        8.5
      • The Ugly Truth About Identity Theft – Free Credit Report
        7
      • Questrade vs Others | The Review Competitors Don’t Want you to Read (2023)
    • Popular Posts

      • This Week's Stock Picks & BNN Top Picks Summary: OSPN-Q, VET-T and 20 Stock and 4 ETF Top Picks (Jul 18-24)
      • Weekly 52-Week Low (or 52-Week High): AEM-T, OLA-T, FOM-X, QTRH-T and More 52-Week Highs and Lows (Jul 16-22)
      • Most Anticipated Earnings: PSD-T, MTL-T and more Canadian Companies Reporting Earnings this Week (Jul 21-25)
      • JULY Gems
    • Stock Lists

      • Unraveling 15 of the Best Natural Gas Stocks: A Canada-USA...
        November 10, 2023
      • 13 Recession-Proof Stocks for Portfolio Safety
        October 26, 2023
      • The Ultimate Top Drone Stocks List for Sky-High Returns...
        October 25, 2023
      • Top Hotel Stocks to Buy for your Growth Portfolio
        October 12, 2023
      • Which Brookfield Stock to Buy? BAM vs BN: the Inspiring...
        October 9, 2023



    • Stockchase neither recommends nor promotes any investment strategies.

      About us : Privacy & Terms : Contact us

    © Stockchase Inc.
    Press enter/return to begin your search